Global cyber premiums to increase eightfold

Friday, 09 29 2017, Category: Technology, Country: World

The global premiums volume for cyber insurance is set to increase six- to eightfold within a decade, according to a Fitch Ratings report.

The ratings agency expects cyber business to be ratings neutral for most highly rated insurer with sound underwriting, particularly as it represents a relatively modest percentage of individual insurers' overall premium volume and risk exposure.